18 Sobering Facts About The Unprecedented Student Loan Debt Crisis In The United States

Student Loan DebtThe student loan debt bubble in America is spiraling out of control, and it is financially crippling an entire generation of young Americans.  At this point, the grand total of student loan debt in the United States has reached a staggering 1.2 trillion dollars, and an all-time record high 40 million Americans are currently paying off student loan debts.  Just when our young people should be planning on buying homes and starting families, they find themselves financially paralyzed by oppressive levels of debt.  What makes all of this even worse is that only some of our college graduates are able to get the “good jobs” that we promised them.  So with limited job prospects and suffocating levels of debt, this generation of young Americans is increasingly putting off major life commitments such as buying a home and getting married.  As a society, we really need to rethink how we are “educating” our young people, because what we are doing now is clearly not working.  The following are 18 sobering facts about the unprecedented student loan debt crisis in the United States… (Read More...)

45 Signs That China Is Colonizing America

Just because you were once the most powerful nation on earth does not mean that you will always be the most powerful nation on earth.  Every single year, hundreds of billions of dollars leaves the United States and goes to China.  This enormous transfer of wealth has had a dramatic effect on both countries.  In case you haven’t noticed, many of our formerly great manufacturing cities such as Detroit are rotting away while shining new factories and skyscrapers are going up all over China.  If you go into any major retail store today and start turning over products, you will find that hundreds of them have been made in China and that very few of them have been made in America.  As a nation, we buy far, far more from China than they buy from us.  As a result, China is absolutely swimming in cash and they have been looking for things to do with all that money.  One thing that China has done is loan the U.S. government over a trillion dollars and this has given the Chinese a tremendous amount of leverage over us.  China has also started to buy up businesses, real estate and natural resources all over America.  This kind of “economic colonization” is similar to what China has already been doing in Africa, South America and Australia.  The formula is actually very simple.  We send them our money and then they use it to buy us.  With each passing day China’s ownership over America grows, and it is frightening to think about where all of this could end. (Read More...)

The Mad As Hell Generation: 20 Reasons Why Millions Of Americans Under The Age Of 30 Are Giving Up On The U.S. Economy

Millions upon millions of young Americans have completely lost faith in the U.S. economy and are mad as hell that their economic futures have been destroyed.  The recent economic downturn has hit those under the age of 30 the hardest.  Today, there are hordes of young people that should be entering their most productive years that are sitting home with nothing to do.  Many of them have worked incredibly hard throughout high school and college.  Many of them have stayed out of trouble and have done everything that “the system” asked them to do.  But once they got finished with school, the promised “rewards” simply were not there.  Instead, millions of young Americans are faced with crushing student loan debt loads in an economy where they can’t find good jobs.  When you are in your twenties, it can be absolutely soul-crushing to send out hundreds (or even thousands) of resumes and not get a single interview.  Most of us grew up believing that we would “be something” when we got older, and millions of young Americans are having those dreams brutally crushed right now.  Americans under the age of 30 voted for Barack Obama in droves back in 2008 because they believed that he would make things better.  Instead, Barack Obama has made things even worse.  Significant numbers of young Americans are starting to wake up and realize that neither political party is providing any real answers, and they are starting to get mad as hell about it. (Read More...)

Is College Worth It?

Is college worth it?  Is a college education really worth the investment of time, money and energy?  Is a college degree really worth becoming enslaved to student loan debt that will haunt you for decades?  The truth is that a college education is a massive gamble.  For millions of Americans it works out well, but millions of other college graduates have found themselves completely unable to get a quality job in this economy and yet they are still trapped in a nightmare of student loan debt from which there is no escape.  Millions of young Americans have discovered that they have become “indentured servants” the moment they graduate.  The entire system encourages our young people to take out whatever college loans they “need” without worrying how they will pay them back because a college education is such a good “investment”.  Once upon a time, a college education was actually an almost automatic ticket to the middle class.  Today, a college education does not guarantee you anything, but for millions of Americans it does turn out to be an automatic ticket to student loan hell. (Read More...)

Banks Are Failing At A Record Pace, The FDIC Bank Problem List Continues To Grow And Most Americans Don’t Even Realize The U.S. Banking System Is Dying

In the mainstream media, all the talk is about how the “recession” is over.  But the truth is that our economic problems are far from over.  In fact, the U.S. banking system is dying.  U.S. banks continue to fail at a record pace.  The FDIC list of problem banks continues to grow at an alarming pace.  Loans and mortgages continue to go bad at an accelerating rate at banks across the United States.  The truth is that we are in deep, deep trouble, and the vast majority of the American people do not even realize it.  But the American people better wake up soon, because if the U.S. banking system dies, the American Dream is going to die along with it for tens of millions of Americans. (Read More...)

15 Signs That The U.S. Housing Market Is Headed For Complete And Total Collapse

The U.S. housing market is dying.  You will only hear hints of this on the mainstream news and from the politicians in Washington D.C., but as statistic after statistic continues to roll in, the reality of what is happening is becoming very difficult to deny.  Up until the end of April, the giant tax credit that the U.S. government was bribing home buyers with helped stabilize the real estate market, but now that the tax credit has expired the decline of the U.S. housing market has resumed.  Mortgage defaults continue to set new records.  Foreclosures continue to set new records.  Home repossessions by banks continue to set new records.  The number of homes being constructed and the number of Americans applying for home loans is at stunningly low levels.  For decades, owning a home has been touted as the very heart of “the American Dream”, but today that dream is out of reach for an increasing number of Americans.  Why?  It is because there are not nearly enough jobs for everyone.  Without a jobs recovery, there simply is not going to be a housing recovery.  Unfortunately, as the U.S. economy continues to come apart like a 20 dollar suit, even more Americans are going to lose their jobs and the U.S. housing industry will continue to experience a very painful decline. (Read More...)